Reliance Global Group Completes Sale of Altruis Benefit Consulting for $8 Million in Cash Plus Up to $1 Million Earnout
Globe Newswire•01/10/2026•08:18 ET
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Key Highlights
- ➤Altruis sale (EZRA) closes for $8 million cash plus up to $1 million earnout
- ➤Approximately $7.5 million cash received; $461,729 remains in holdbacks
- ➤$3.1 million buyer seller note paid in full September 30, 2026
- ➤Altruis sale closed September 23, 2026, following Southwestern Montana divestiture
- ➤No Reliance Global Group (EZRA) common stock issued in transaction
Expert Statements
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group
“Completing the Altruis sale, following the Southwestern Montana transaction earlier this month, reflects the steady execution of our portfolio monetization strategy.”
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group
“With the buyer's seller note now paid in full, the proceeds strengthen our balance sheet and give us more capacity to invest in our AI platform and the RELI Exchange network.”
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group
“We will continue to evaluate opportunities across our agency portfolio.”
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group
“Our focus is on allocating capital to the areas we believe offer the greatest long-term value for our shareholders.”
Second Non-Core Agency Sale Completed in September Under the Company's Portfolio Monetization Strategy
$3.1 Million Secured Promissory Note Paid in Full on September 30, 2026
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